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LECTURES

ON THE

ELEMENTS

POLITICAL ECONOMY.

BY THOMAS COOPER, M. D.
President of the South Carolina College, and Professor
of Chemistry and Political Economy.

COLUMBIA.

PRINTED BY DOYLE E. SWEENY,

AT THE TELESCOPE PRESS.

......

1826.

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Columbia.

In conformity with an act of Congress of the United States, entitled "an act for the encouragement of learning by securing the copies of Maps, Charts, and Books, to the authors and proprietors, of such copies during the times therein mentioned." And also an act entitled "an act for the encouragement of learning by securing the copies of Maps, Charts, and Books, to the authors and proprietors of such copies during the times therein mentioned, and extending the benefits thereof, to the arts of designing and etching historical and other prints."

JAMES JERVEY, District Cert, South Carolina District.

PREFACE.

AT the Commencement held in the South Carolina College for 1824, I delivered an address recommending the study of POLITICAL ECONOMY, and the regular appointment of a Professor for the purpose. The culpable inattention in our Country to a science of such extensive application, and the manifest ignorance or neglect of its first principles, among our Statesmen and Legislatures, seemed to me imperiously to call for some measures which should force into public notice a branch of knowledge, on which human happiness so much depended. The Trustees of the College were of opinion with me: and requested I should draw up and deliver a course of Lectures on Political Economy to the Senior Class of the Students of the College. On being freed from the Professorship of Rhetoric, Criticism and Belles Lettres, which has now devolved on my friend Mr. Nott; I delivered in conformity to the request of the Trustees, the following course of Lectures, in addition to my Professorship of Chemistry. I hope with good effect. For we teach our youth in vain, unless we enable them to keep pace with the improvements of the day.

In this country, Political Economy, and the theory of Politics, are of peculiar importance. Every well educated young man throughout the United States, considers himself as a Politician; and whatever other pursuits he may embark in, he is sure

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